Parade of Three Shops
The property is situated on the south side of West Street, the towns prime pedestrianised retail thoroughfare. Neighbouring occupiers include Poundland, Greggs, Halifax, Boots, McDonald's and Caffe Nero.
Long Leasehold. Held from the Council of the Borough of Havant for a term of 125 years from 25/12/1983 at a rent of 14.5% of the rental value. The current rent is £6,489 per annum exclusive.
The property comprises three shops with retail accommodation on the ground floor and ancillary accommodation on the first floor.
Six Week Completion
See legal pack.
| Unit | Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reversion | |
|---|---|---|---|---|---|---|---|---|
| 7 | Ground First | Retail Ancillary | 39.20 sq m 27.59 sq m | (422 sq ft) (297 sq ft) | TRUSTEES OF THE BRENT LODGE BIRD AND WILDLIFE TRUST (1) | 5 years from 25/12/2017 on a full repairing and insuring lease | £13,500 | 24/12/2022 |
| 7a | Ground First | Retail Ancillary | 39.48 sq m 32.89 sq m | (425 sq ft) (354 sq ft) | PDSA (2) | 10 years from 12/12/2013 on a full repairing and insuring lease | £14,000 | 11/12/2023 |
| 7b | Ground First | Retail/Ancillary Ancillary | 45.52 sq m 49.52 sq m | (490 sq ft) (533 sq ft) | INDIVIDUAL t/a Mr Simms Olde Sweet Shoppe | 5 years from 22/12/2019 | £14,500 | 21/12/2024 |
| Total | 234.20 sq m | (2,521 sq ft) | £42,000 | |||||
(1) Brent Lodge Bird & Wildlife Trust is a charity registered in England & Wales, Charity No. 276179.
(2) PDSA is a major registered charity(Registered charity nos. 208217 & SC037585) that was found in 1917. The PDSA operate retail shops nationwide, and 48 Pet Aid hospitals. For the year ending 31st December 2019 PDSA reported income of £96,080,000, total funs of £73,636,000. (Source: PDSA Annual Report and Accounts 2019, www.pdsa.org.uk)
If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.
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